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saurabh mittal

1 min ago · SEBI Registration INH000022835

TCI Express Ltd 8.7% growth, 28.8% domestic air surge

TCIEXP
TCI Express reported Q1 FY27 revenue of ₹315.3 crore (+8.7% YoY) and PAT of ₹22.4 crore, with Domestic Air Express up 28.8% and International Air Express up 27.3%, while adding 35 new branches to cross 1,000 locations and announcing ₹112 crore capex for FY27 focused on e‑commerce, rail and multimodal logistics. On governance, the 18th AGM on August 6, 2026 approved the appointment of Pavan Kumar Munjuluri as a Non‑Executive Independent Director, and the company disclosed that independent directors Murali Krishna Chevuturi and Prashant Jain completed their second terms with no immediate replacements announced. Management changes include the resignation of Shivi Suri (COO–Air Cargo, International & Domestic) effective September 24, 2026 for personal reasons, and board/committee reshuffles effective August 17, 2026. In shareholding updates, the promoter group executed a series of internal open‑market transfers (12,000–16,000 shares) between TCI Trading and TCI Express Consolidated in early–mid September, keeping total promoter holding broadly unchanged. The stock was quoted around ₹543–₹554 in recent sessions, with MarketsMojo downgrading it to “Sell” on September 1 citing mixed fundamentals and technicals.

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